That depends on several factors including dependents, marital status, deductions, and other factors. What expenses do you have? Check with your accountant for the best advice.
how much income can you earn as a retired couple before filing a tax return
Single taxpayer under the age of 65 with 68000 of TAXABLE INCOME on the 2009 1040 federal income tax return page 2 line 43 the amount of the income tax liability on the 1040 page 2 line 44 would be $13194, before any possible credits or any additional taxes that may come into play before arriving at the last line of your 1040 income tax return. You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
Do you think that a retired AIG executive who is receiving a $10 million annual pension should be exempt from taxes? We base income taxes on how much you make. We give a generous allowance to low income people. People who make more have to pay something to support the country.
When a person does not file their income tax return every year, there will be a penalty. An income tax shows the amount of how much the person has earned for the year.
Ones age does not determine if a person files taxes or not, what it matters is how much money the person made that year. What was the income of the person that year, is what determines the income tax filling status.
how much income can you earn as a retired couple before filing a tax return
None. 68000 is a number. Numbers do not have any mass, nor do they have any monetary value.
68000 thanks hmmdapteib
$5666.67 per month
How much can a person in Kansas make and still be considered low income.
A teenager needs much more calories and kilojoules than an elderly retired person as their body is not fully developed, unlike an elderly person.
Single taxpayer under the age of 65 with 68000 of TAXABLE INCOME on the 2009 1040 federal income tax return page 2 line 43 the amount of the income tax liability on the 1040 page 2 line 44 would be $13194, before any possible credits or any additional taxes that may come into play before arriving at the last line of your 1040 income tax return. You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
Answer the above question please. jcrra6@aol.com
Do you think that a retired AIG executive who is receiving a $10 million annual pension should be exempt from taxes? We base income taxes on how much you make. We give a generous allowance to low income people. People who make more have to pay something to support the country.
Pay, salary, or even earnings depends on whether the person is working or retired. A retired person has no salary or pay but may have yearly earnings from investments. However, the pay or salary for working personsn varies widely depending on the job, experience, or even pay grades. Also, even if a disabled person is not working, they and the IRS still refer to their income as "earnings" even if the person is not legally required to file taxes each year.
When a person does not file their income tax return every year, there will be a penalty. An income tax shows the amount of how much the person has earned for the year.
$5,666.67 per month, before taxes.